Structural labor supply estimations by Bonin & Schneider (2007) also predict positive labor supply reactions with an increase of about 600,000 full-time equivalents (FTE). 2. Fuest & Peichl (2009) nd only slightly positive labor supply e ects. All studies clearly show that a basic income concept with the originally proposed tax parameters would. Keywords: Universal Basic Income, Social Insurance, Overlapping Generations, Labor Supply JEL Classifications: E21, H24, J22 †E-mail:luduvice@sas.upenn.edu. I am deeply grateful to Dirk Krueger and to Jesus Fern´ andez-Villaverde, Mart´ ´ın Lopez-Daneri, and Ryan Michaels for their guidance and support throughout this project.
An unconditional basic income guarantees […]
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